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the election. i've got the political upper hand here. i need more than where we were in 2011 because we had a whole election in 2012 focused on almost exactly this issue. the white house thinks they have the political upper hand here. this response is boehner saying, not so fast, mr. president. >> in terms of -- i know you don't have details on the medicare. are there any details on where the revenue comes from? in terms of exemptions and loopholes? do we know if all the exemptions and loopholes are taken off the table? for example, if mortgage and charity is still there? >> we just have detail describing this as revenue through tax reform. presumably there would be some changes to the revenue code that would get you the $600 billion -- i'm sorry, $800 billion in additional revenue the speaker is talking about here. where he gets that from, we'll have to get that answer from the speaker's office. you can imagine right now their phone lines are scrammed and operators are not standing by. >> thanks. you have to start somewhere. >> let's get reaction. s & p capital, jeff cox at cnbc headquarte
what you will of the declining influence, they did influence the outcome of this election and i think that they're certainly trying to leverage off of that since the election. >> well, they-- that was one of many, many, many factors. >> absolutely. >> and after the election and the fact is, as we all agree, the private sector union is a dying animal and that they only can survive if they can thoroughly control the public sector and this is just another example of their slow, painful death. >> on that upbeat note. i want you to look at this. the parent company of red lobster, filing a fight for the president's health care law, not because of the actual law, because it criticized the law. the gang from forbes is going to explain the top of the hour, up next, did any of you see this? >> oh! oh! >> apparently these guys just found out that they could get fined for eating while driving. is nothing sacred? having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about tha
tax rates and he was elected based on his tax the rich policy. he says that america is poised to take off and if it doesn't, it's the republicans fault. listen. >> you have the u.s. chamber of commerce hardly an arm of my administration or the democratic party. i think, said the other day, we can't be going through another debt crisis, a debt ceiling crisis like we did in 2011. that has to be dealt with. so, i think businesses are going to be ready to hire. we're seeing pretty strong consumer confidence despite weaknesses in europe and even in asia. i think america is poised to take off. stuart: well, the republicans are set to respond today when speaker boehner goes in front of the cameras. will he show signs of retreat or any sign of compromise? remember, the president wants higher tax rates. will john boehner try to move the line that the president has drawn? we will have it for you live here on "varney & company" starting around ten o'clock eastern. then we have darden restaurants, the parent of olive garden, red lobster. it says its businesses could be hurt by bad publicity. dard
, people. we showed you the votes now show us the money. >> after the election of jimmy carter, andrew young, he went to washington, dc and he came back home with bacon. that is what you do. that is what you do. this is, our people, in an overwhelming way, supported the re-election of this president and there ought to be quid pro quo and you ought to exercise leadership on that. of course, not just that but why not? earthquake egg she was calling for a bailout of 9 cash strapped city after 73 percent of the voters in wayne pulled the lever for president obama in november. the video is going viral and so is the reaction. we cannot get the council woman but we got michelle fields who says get ready for more. the absolute stark contrast between scott who we saw on staten island standing if front of his home making sure no one steals his generators so he can stay warm and this council woman who is concerned about, she voted for president obama, where is her bailout? >>guest: this is crazy. you don't get preferential treatment just because you voted for obama. look, detroit right now, what
for years. >> even though democrats won the presidential election? doesn't that change the calculus? >> he would say these people are all safe seats if they don't get against the pledge. norquist has the division so to speak. he could destroy any republican who says the word tax increase. has he said -- he said if they're seduced by democrats in pure thoughts this is the so-called i can smell pornography when i see it. this is pornography for grover norquist. he can smell it when he sees it. he will target. he will destroy republicans who go against the pledge. he's much more powerful than any individual republican. and individual ceo. let's just face it. i've always felt he was the most powerful person in the class of '76 at harvard. enjoyed his success because he was a fellow member of the harvard crimson. i just disagree with him. terrific guy. >> with friends like that -- >> with all due respect to my ex-partner larry kudlow with all due respect. >> the treasury secretary talks about how he does not think that in the end the gop is going to prevent tax rates on the wealthiest from risi
, people were saying you got to incorporate poll workers for the election. you had holiday hiring. you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look,
answer, but in a minute. let me get to the big concern. the entire conversation since the election has been litigating gone squaquarter of the preside own architecture. all we're talking about is revenue, revenues, revenues. the white house has been absolutely silent on 75% of their own described remedy and that is where are the cuts. now, secretary geithner comes to capitol hill and with a straight face says we need to spend more money. we need more stimulus spending. look, i come from the state of illinois which is an example of what not to do. the state had the same underlying problems, that is runaway spending problems, and they came up with the wrong solution. raise taxes, don't deal with the underlying problem, chase an entrepreneurial class out. $7 billion in unpaid bills and higher average unemployment rate. it is a system for failure. so what's happening with my neighbors in illinois, and these are the people that are minkd their own business, not paying attention to all this stuff, all of a sudden they're looking up and saying why is it more expensive for my child to go to th
Search Results 0 to 6 of about 7